Preliminary Full Year Results 30 June 2025

Letter from our Chairman
REVIEW OF OPERATIONS AND OUTLOOK
Kilimanjaro Consulting
RevenueOperating Profit
$'000$'000
Full Year 202523,253 679
2nd half 202511,568 240
1st half 202511,685 439
Full Year 202420,454 1,245
2nd half 202410,804 1,297
1st half 20249,650 (52)
Recurring
Revenue
Contracted
Revenue
Other
Revenue
Total Revenue
Full Year 20255,0485,07510,12313,13023,253
Full Year 20244,4594,7879,24611,20820,454
iSell
Datagate
Vadacom
FINANCIAL POSITION
OPERATIONAL FOCUS
OUTLOOK
ACKNOWLEDGEMENTS
Nick Paul
Chairman
This result was driven by improved trading performance in both Kilimanjaro Consulting and
iSell, as well as tight cost control across the Group. Our associates also showed progress,
particularly Datagate, where revenue continues to grow strongly in the SaaS telecom billing
space.
The Group achieved revenue of $24.97 million, an increase of 14% from $21.87 million in
FY24. Operating profit improved to $57,000 (FY24: loss of $298,000), with a net profit after
tax of $98,000 compared with a loss of $46,000 in the prior year. Basic earnings per share
rose to 0.63c, reflecting the return to profitability.
Kilimanjaro Consulting remains the largest contributor, generating
revenue of $23.25 million (FY24: $20.45m). While operating profit
reduced to $679,000 (FY24: $1.25m), the business continues to
cement its position as MYOB’s largest partner. The restoration of
the MYOB relationship has been critical to stabilising future
performance.
Total Recurring
& Contracted
Revenue
iSell (ITQuoter) delivered revenue growth to $1.68 million (FY24: $1.38m), with an operating profit of $264,000 compared with a loss of $434,000
in FY24. This turnaround reflects strong cost discipline and improved recurring SaaS revenues.
Datagate Innovation (32.35% ownership) continued to grow revenue to $5.0 million (FY24: $4.1m). Our share of losses narrowed, and a gain on
dilution strengthened the Group’s equity position. The implied market value of our stake is substantially above book value.
On behalf of the Board, I would like to thank our Managing Director, Ronnie Baskind, our leadership team, and all our employees for their
dedication and contribution. Their efforts have enabled the Group to return to profitability and strengthen its financial base.
I also wish to acknowledge the support of our customers, partners, and shareholders, whose confidence enables us to pursue our strategic
ambitions. With disciplined execution and continued innovation, we believe Enprise is well positioned to deliver sustainable growth and long-term
shareholder value.
Vadacom Holdings (6.35% ownership) recorded a downward fair value adjustment in FY25, reflecting lower revenue multiples in the VoIP market.
Total assets increased to $15.3 million (FY24: $14.6m) with net assets of $3.28 million. Cash and cash equivalents closed at $1.9 million,
supported by disciplined cost management and debt repayments. While net current liabilities remain at $2.9 million, the Group has continued to
reduce borrowings and lease liabilities, providing greater financial stability.
The Board has maintained strong oversight on restoring profitability following last year’s dispute with MYOB. Efforts have focused on:
Continued strong revenue growth in Kilimanjaro.
Growing recurring SaaS revenues in iSell and Datagate.
Tight cost management and prudent capital allocation.
Enhancing governance and reporting to support growth ambitions.
Looking ahead, the Board remains cautiously optimistic. Forecasts for FY26 and FY27 project continued revenue growth and positive operating
cash flows. However, performance remains sensitive to maintaining MYOB contractual arrangements and broader market conditions. The
Group’s long-term opportunity lies in scaling its SaaS businesses, particularly iSell and Datagate, while Kilimanjaro provides a stable, cash-
generating foundation.
The board supports a pragmatic view of AI across the Group; adopting proactive use of the technology where relevant and working with our
partners to ensure the AI innovations they are building into the software deliver real benefits to customers.
20212022202320242025
Revenue Growth

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Enprise Group Limited
Unaudited Results Announcement
for the year ended 30 June 2025

Enprise Group Limited
Unaudited Consolidated Statement of Comprehensive Income
for the year ended 30 June 2025
20252024
$'000$'000
Revenue from contracts with customers24,97321,865
Other operating income7989
Employee expense(18,644)(16,015)
Other operating costs(6,270)(6,350)
Other gains/(losses) - net(81)113
Operating profit/(loss)57(298)
Equity earnings/(losses) from associates and joint ventures(75)(220)
Other gains/(losses) related to associates and joint ventures1639
Impairment of intangible assets- 293
Finance cost - net(273)(203)
Profit/(loss) before income tax(128)(419)
Income tax benefit226373
Profit/(loss) for the period98(46)
Other Comprehensive Income
Items that may be reclassified to profit or loss
Foreign currency translation differences665
Items that will not be reclassified to profit or loss
Changes in the fair value of investments through other comprehensive income(117)-
Total other comprehensive income/(loss) for the period, net of tax(111)65
Total comprehensive income/(loss) for the period(13)19
Profit/(loss) for the period is attributable to:
Non-Controlling Interest(28)(39)
Owners of Enprise Group Limited126(7)
98(46)
Total comprehensive income/(loss) for the period is attributable to
Non-Controlling Interest(28)(39)
Owners of Enprise Group Limited1558
(13)19
Earnings per share from profit/(loss) for the period attributable to ordinary shareholders of the Enprise Group Limited
Basic and diluted earnings/(loss) per share (cents per share)0.63 (0.04)
2

Enprise Group Limited
Unaudited Consolidated Statement of Financial Position
as at 30 June 2025
20252024
$'000$'000
Current assets
Cash and cash equivalents1,9251,737
Trade and other receivables3,9023,540
Contract assets672635
Current tax assets- 1
Staff receivables2326
Total current assets
6,5225,939
Non-current assets
Investments in associates, joint ventures889701
Investments in other entities335452
Staff receivables - non current2626
Property plant and equipment604383
Intangible assets3,3392,792
Right-of-use assets - non-current1,7532,232
Deferred tax asset1,8041,710
Other non-current assets32364
Total non-current assets8,7828,660
Total assets
15,30414,599
Current liabilities
Trade and other payables3,5533,382
Provisions2,5132,063
Contract liabilities1,8281,955
Borrowings1,093407
Lease liabilities477203
Total current liabilities
9,4648,010
Non-current liabilities
Provisions - non-current178310
Borrowings - non current- 242
Lease liabilities - non-current1,7612,194
Deferred tax liability621739
Total non-current liabilities
2,5603,485
Total liabilities
12,02411,495
Net assets
3,2803,104
Equity
Share capital13,38713,392
Foreign exchange translation reserve382376
Financial assets at FVOCI reserve236353
Retained earnings / (accumulated losses)(10,503)(10,701)
Equity attributable to the owners of Enprise Group Limited3,5023,420
Non-controlling interests(222)(316)
Total equity
3,2803,104
- -
Total assets per share ($ per share)0.76 0.73
Net tangible assets per share ($ per share)(0.05) (0.02)
3

Enprise Group Limited
Unaudited Consolidated Statement of Changes in Equity
for the year ended 30 June 2025
Share
capital
Foreign
exchange
translation
reserve
Financial
assets at
FVOCI
reserve
Non-
controlling
interests
Total
equity
$'000$'000$'000$'000$'000$'000
Balance at 1 July 2023
12,080 311 353 (10,985) (313) 1,446
Transactions with shareholders in their capacity as owners
New shares issued1,312 - - - - 1,312
Transactions with non-controlling interests- - - 291 36 327
Total transactions with shareholders1,312 - - 291 36 1,639
Comprehensive income
Profit/(loss) for the period- - - (7) (39) (46)
Other comprehensive income- 65 - - - 65
Total comprehensive income net of tax- 65 - (7) (39) 19
Balance at 30 June 2024
13,392 376 353 (10,701) (316) 3,104
Share
capital
Foreign
exchange
translation
reserve
Financial
assets at
FVOCI
reserve
Non-
controlling
interests
Total
equity
$'000$'000$'000$'000$'000$'000
Balance at 1 July 202413,392 376 353 (10,701) (316) 3,104
Transactions with shareholders in their capacity as owners
New shares issued- - - - - -
Shares held as treasury stock(5) - - - - (5)
Transactions with non-controlling interests - - - 72 122 194
Total transactions with shareholders(5) - - 72 122 189
Comprehensive income
Loss for the period- - - 126 (28) 98
Other comprehensive income/(loss)- 6 (117) - - (111)
Total comprehensive income/(loss) net of tax- 6 (117) 126 (28) (13)
Balance at 30 June 2025
13,387 382 236 (10,503) (222) 3,280
Retained
earnings /
(accumulated
losses)
Retained
earnings /
(accumulated
losses)
4

Enprise Group Limited
Unaudited Consolidated Statement of Cash Flows
for the year ended 30 June 2025
Note20252024
$'000$'000
Operating activities
Cash was provided from:
Receipts from customers27,421 25,027
Interest received13 6
Dividend received33 1
Income tax refund received1 111
27,46825,145
Cash was applied to:
Payments to suppliers & employees26,158 23,133
Interest paid285 215
Income tax paid- 1
26,44323,349
Net cash inflow from operating activities51,025 1,796
Investing activities
Cash was provided from:
Loans repaid by staff5 4
Loans repaid by related parties- 32
5 36
Cash was applied to:
Purchase of property, plant and equipment388 91
Software development costs436 523
Investment in equity accounted investment100 -
Term deposits211 317
1,135931
Net cash outflow from investing activities(1,130) (895)
Financing activities
Cash was provided from:
Proceeds from issue of shares- 1,312
Proceeds from bank borrowings200 -
Proceeds from issue of shares in iSell Pty Limited to non-controlling interests- 301
Proceeds from landlord206 -
406 1,613
Cash was applied to:
Repayment of lease liabilities409 532
Repayment of bank borrowings407 498
Treasury stock5 -
821 1,030
Net cash inflow/(outflow) from financing activities(415) 583
Net increase/(decrease) in cash and cash equivalents held(520) 1,484
Net foreign exchange differences57 24
Cash and cash equivalents at beginning of the period1,737 229
Cash and cash equivalents at end of the period61,274 1,737
5

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2025
1CHANGES IN ACCOUNTING POLICIES
(a)Changes in accounting policies
2SEGMENT INFORMATION
(a)Operational performance - business segments
RevenueOperating profit
2025202420252024
$'000$'000$'000$'000
Kilimanjaro23,253 20,454 679 1,245
iSell1,684 1,375 264 (434)
Corporate36 36 (886) (1,109)
- - 24,973 21,865 57 (298)
Equity earnings of associates and joint ventures88 (211)
Impairment of intangible assets- 293
Net interest expense(273) (203)
- - Profit/(loss) before taxation(128) (419)
- - Income Tax226 373
- -
Net profit/(loss) attributable to shareholders98 (46)
(b)Operational performance - Geographic segments
Revenue
20252024
$'000$'000
New Zealand7,100 6,762
Australia17,660 14,916
EMEA*177 159
North America36 28
Asia- -
- -
24,973 21,865
There have been no changes in accounting policies, all policies have been applied consistently over the current year. Please refer to the
accounting policies contained within the audited financial statements for the year ended 30 June 2024.
The Group is organised into two reportable operating segments based on the business segments. These segments form the basis of
internal reporting used by management and the Board of Directors to monitor and assess performance and assist with strategic decisions.
The Board of Directors is the Group's chief operating decision maker (CODM). Management has determined the operating segments based
on the information reviewed by the Board of Directors and the Chief Executive Officer for the purposes of allocating resources and assessing
performance.
6

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2025
2SEGMENT INFORMATION (CONTINUED)
(c)Interest, deprecation and amortisation
Depreciation and amortisation expense
Depreciation and
Interest revenueInterest expense amortisation expense
202520242025202420252024
$'000$'000$'000$'000$'000$'000
New Zealand2 5 138 180 302 288
Australia13 3 150 31 706 1,453
15 8 288 211 1,008 1,741
-
(d)Balance sheet information
Non-current assets other than
Non Current Asset
financing and deferred taxTotal assetsTotal liabilities
202520242025202420252024
$'000$'000$'000$'000$'000$'000
Kilimanjaro4,126 4,122 12,730 11,605 13,406 11,459
iSell1,571 1,285 1,795 1,555 1,497 1,354
Corporate889 701 4,402 3,763 744 1,006
6,586 6,108 18,927 16,923 15,647 13,819
Inter-segment elimination- - (3,623) (2,324) (3,623) (2,324)
-
6,586 6,108 15,304 14,599 12,024 11,495
-
New Zealand3,095 2,707 7,420 6,821 3,669 3,545
Australia3,491 3,401 9,807 9,408 10,278 9,580
6,586 6,108 17,227 16,229 13,947 13,125
Inter-segment elimination- - (1,923) (1,630) (1,923) (1,630)
- -
6,586 6,108 15,304 14,599 12,024 11,495
- - - - - - - -
3REVENUE
(a)Revenue streams
20252024
$'000$'000
- - Revenue from Enterprise software and licences6,581 5,578
- - Revenue from services and support14,731 12,894
- - Revenue from iSell1,684 1,375
Revenue from hosting services1,974 2,015
- - Revenue from other fees3 3
- -
24,973 21,865
Software and licencesServices and supportITQuoter RevenueExoHostedother fees
7

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2025
3REVENUE (CONTINUED)
(b)Revenue by geographical location
2025
$'000$'000$'000$'000$'000$'000
- New Zealand2,103 4,022 351 623 1 7,100
Australia4,478 10,709 1,120 1,351 2 17,660
EMEA*- - 177 - - 177
North America- - 36 - - 36
Asia- - - - - -
- -
6,581 14,731 1,684 1,974 3 24,973
* Europe, Middle East and Africa
2024
$'000$'000$'000$'000$'000$'000
- New Zealand1,926 3,883 201 750 2 6,762
- Australia3,652 9,011 987 1,265 1 14,916
- EMEA*- - 159 - - 159
- North America- - 28 - - 28
Asia- - - - - -
- -
5,578 12,894 1,375 2,015 3 21,865
(b)Revenue by operating segment
20252024
$'000$'000
Recurring revenue from Enterprise software licences5,541 4,739
Contracted revenue from hosting and support agreements5,075 4,787
Revenue from other services12,637 10,928
23,253 20,454
- -
20252024
$'000$'000
Recurring revenue from iSell software licences1,454 1,178
Revenue from other services230 197
1,684 1,375
- -
20252024
$'000$'000
Revenue from services36 36
36 36
Hosting
services
Kilimanjaro revenue
Services
and support
Total
Services
and support
Corporate revenue
Hosting
services
Software
and licences
iSell
revenueOther fees
iSell
revenueTotal
Software
and licences
iSell revenue
Other fees
8

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2025
4EQUITY
(a)Share capital
Number of authorised sharesShare capital
Contributed equity - ordinary shares
2025202420252024
sharesshares$'000$'000
Opening ordinary shares20,068,057 17,430,061 13,392 12,080
Rights issue- 2,637,996 - 1,312
Treasury Stock(6,009) - (5) -
Staff share issue- - - -
- -
20,062,048 20,068,057 13,387 13,392
(b)Dividends
2025202420252024
cents per sharecents per share$'000$'000
Final dividend for the period ended 30 June 2023- - -
Interim dividend for the period ended 30 June 2024- - - -
Final dividend for the period ended 30 June 2024- - - -
Interim dividend for the period ended 30 June 2025- - - -
- -
- - - -
5CASH FLOW RECONCILIATION
20252024
$'000$'000
Profit/(Loss)98 (46)
Adjustments for:
Depreciation on property plant and equipment158 204
Depreciation clawback(11) (142)
Depreciation on right-of-use assets530 561
Amortisation on intangible assets320 976
Net loss/(gain) on foreign exchange(44) 19
Impairment of intangible assets- (293)
Share of loss from equity accounted investments(88) 211
Movement in current and deferred tax(226) (373)
Movements in working capital
(Increase)/decrease in trade and other receivable(75) 371
(Increase)/decrease in contract assets(47) 34
(Increase)/decrease in income taxes receivable1 23
Increase/(decrease) in trade and other payables212 (47)
Increase/(decrease) in provisions302 32
Increase/(decrease) in contract liabilities(105) 266
####
Net cash inflow/(outflow) from operating activities1,0251,796
- -
Reconciliation of net profit to net cash flows from operations:
On 29 September 2023, the group issued 2,637,996 shares under the rights issue at $0.50 per share.
9

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2025
6CASH AND CASH EQUIVALENTS
20252024
$'000$'000
Current cash on hand / (borrowings)
Cash on hand and at bank
1,925 1,737
Bank overdraft
(651) -
Cash and cash equivalents1,2741,737
10

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Enprise Group Limited
Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Updated as at March 2025

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Results for announcement to the market
Name of issuer Enprise Group Limited
Reporting Period 12 months to 30 June 2025
Previous Reporting Period 12 months to 30 June 2024
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$24,973 14%
Total Revenue $24,973 14%
Net profit/(loss) from
continuing operations
$(128) 69%
Total net profit/(loss) $98 313%
Interim/Final Dividend
Amount per Quoted Equity
Security
No final dividends have been declared payable.
Imputed amount per Quoted
Equity Security
Not Applicable
Record Date Not Applicable
Dividend Payment Date Not Applicable
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security (in
dollars and cents per security)
$(0.05) $(0.02)
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
Refer to attached unaudited financial statements and directors’
statement.
Authority for this announcement
Name of person

authorised
to make this announcement
Elliot Cooper
Contact person for this
announcement
Elliot Cooper (Finance Director)
Contact phone number (09) 829 5500
Contact email address elliotc@enprise.com
Date of release through MAP

29 August 2025

Unaudited financial statements accompany this announcement.